Las Vegas NV Area Rental Home Market Report September 2011 (includes Henderson & North Las Vegas)
By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Renters are becoming buyers finally as resale purchase prices drop and economic conditions in the valley are preventing high numbers of new incoming residents to move here. This has softened rental prices slightly as many investors are buying all cash in the market currently and then renting. More homes available for rent (higher supply) and less renters (lower demand.) Units Leased: September 2011: 2535 August 2011: 2750 July 2011: 2396 June 2011: 2485 May 2011: 2376 April 2011: 2342 March 2011: 2307 February 2011: 2253 January 2011: 2002 December 2010: 1889 November 2010: 1887 October 2010: 2119 September 2010: 2171 Average Monthly Rental Rates: September 2011: $1279 August 2011: $1422 July 2011: $1434 June 2011: $1765 May 2011: $1257 April 2011: $1207 March 2011: $1497 February 20...
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